The practical aspects of the harmonization of the regulations related to the calculation of technical reserves held by non-life insurers
| Autor: | Mitrašević Mirela |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2015 |
| Předmět: | |
| Zdroj: | Strategic Management, Vol 20, Iss 3, Pp 44-51 (2015) |
| Druh dokumentu: | article |
| ISSN: | 1821-3448 2334-6191 |
| Popis: | The trend of increasing the number of multinational companies doing business in various countries has emphasized the importance of the establishment of internationally consistent requirements for capital adequacy. The international trends linked to the harmonization of supervisory methods for the European Union’s market have been incorporated into the scope of the Solvency II legal and regulatory framework. Since the value of insurers’ capital depends on technical reserves forecasting and the usage of inconsistent methods and assumptions in determining the value of these liabilities may produce a difference in the value of the capital of otherwise similar insurers, special attention within the Solvency II approach is dedicated to the valuing of these liabilities. The aim of this paper is to assess, on the basis of the available data, the potential effects of the implementation of these international standards on the value of technical reserves for the non-life insurers market in B&H. |
| Databáze: | Directory of Open Access Journals |
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